08:39:18 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 271,068,997
Close 2017-06-14 C$ 17.07
Market Cap C$ 4,627,147,779
Recent Sedar Documents

Globe says Taylor maintains Air Canada at "buy"

2017-06-15 05:37 ET - In the News

The Globe and Mail reports in its Thursday, June 15, edition that Canaccord Genuity analyst Doug Taylor says in a note: "While Air Canada shares have had a very strong run, we expect the stock to continue to perform through the fall. This has historically been a period of strength for AC shares, lining up with the strongest seasonal period for its operations. This year, the fall will also feature the company's investor day (Sept. 19) which will once again train investors' eyes on the long game which this time around we expect to feature a company transitioning from growth to optimization mode. We believe investors should build positions through the summer ahead of this." The Globe's David Leeder writes in the Eye On Equities column that with an unchanged "buy" rating, Mr. Taylor raised his share target for Air Canada to $21 from $18. Analysts on average target the shares at $18.73. Mr. Taylor adds, "We argue that Air Canada's multiple versus U.S. peers can continue to narrow given repatriating the loyalty program should help reduce the profit margin spread vs. peers and as the company lays out plans for further deleveraging (AC is among the higher leveraged North American network carriers at present)."

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